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20121228
20121228
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massachusetts senator coming up. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> in the spotlight tonight, massachusetts senate race. dean of the massachusetts delegation ed markey announced that he will run for the senate seat. he said in the last election the country and the common wealth voted for a better future for the middle class. i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts gove
. and as you see there, bob corker will join "the squawk pox" gang on monday morning. grover, always good to see you, thank you. >> thank you very much. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up, montana's governor brian schweitzer is going to weigh in. >> looks like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hou
vowels in his last name than consonants. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just
operators were killed. >> bob gates, who in that photo was off to my left, bob gates was in that same room when desert one happened, and so my first glance was at him. >> if this had failed in spectacular fashion, it would have blown up your presidency by all estimates, would have been your waterloo and perhaps your watergate consumed with hearings and inquiries. how trick did the specter of jimmy carter, desert one hang in the air here? >> i thought of it. i will tell you that there are moments in your presidency where you really do put politics aside. certainly we thought about the fact that if there was a failure here, it would have disastrous consequences for me politically. we knew the examples of the carter presidency, and we understood what happened there. but i tell you, the only thing that i was thinking about throughout this entire enterprise was, i really want to get those guys back home safe. >> as they watched the attack play out from the situation room, they could see the blackhawk pilot had managed a kind of controlled crash landing, but still that helicopter was the first c
, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>> okay. let's get you back now to the white house. and you see that is washington, obviously. and you see the new york stock exchange. we're keeping an eye on the stock exchange. it is down now. it is down now what is that, 120 -- your monitor at home is bigger than the one in the studio. down 130 points. not sure if they're related, but we're keeping an eye on it. they're meeting at the white house. my colleague jessica yellin getting new information on the air moments ago saying a source who has information on this meeting now, in the white house, says the potus will lay out a plan for tax increases for $250,000 plus, people who make $250,000 plus and extend unemployment. not a new proposal, democrats are familiar with this proposal and say it is not new. if they don't have a counterproposal, people who he's meeting w
will concede that's the perfect term, ruthless skill. but, as bob woodward pointed out when he wrote this book about the grand bargain negotiations, it's not going to be looked at through this historical prism as the boehner era, this is the obama e.r.a. if the economists are right and things don't go well for the country, doesn't the president have to worry about that legacy of his? >> i agree with you entirely. i have argued from the beginning that republicans should hold out. that they had more strength than they thought. that obama wasn't holding all the cards. i think he has the advantage obviously because republicans in all the policy are the ones who will take the blame. but nonetheless, the larger issue, if you are obama, is not who is popular and who is not, he's won his last election. that doesn't matter anymore. what obama does care about and should care about is his legacy. if you go over the cliff he may get a bump temporarily and the republicans will take a hit but his legacy will be his second term. and if he wrecks the economy, as he would, by not being able to remedy the conse
, and one final thought, i'd like the idea that lamar alexander and senator corker. >> bob coaching, right. >> the $1 trillion debt ceiling raised for $1 trillion of spending cuts, i think that's pretty good. i know we've heard it before. senator corker talked on the santelli exchange with me a week ago about it, but everyone is thinking about the debt ceiling, and i think that's where the meat is going to be, and the next three charts that we're showing are from august 5th of 2011 when s&p took away our aaa rating, and no matter how people remember it, the markets certainly didn't remember it at all. it didn't slow down the rally in the dollar, the stocks or any of the trade in the fixed income markets with yields dropping. >> we were talking about that issue on "street signs," rick. talking about andy brenner. the markets after a quick knee neck reaction kind of shrugged it off, right? >> i don't even remember. that's why i put it up. i heard andrew. i don't even remember a quick reaction the other way. it was totally ignored, and in some ways in stocks it was actually off to the markets
of world war ii. is a good patient, but anxious to get out and go. sign himself out, say let's go, bob? >> we met with jim mcgrath yesterday. he said there is one thing i can assure you, his trademark sense of humor is intact. he is not on a ventilator, giving doctors and nurses hell in there. the guy is 88. 85th birthday three years ago, skydiving. he did it for his 80th, 75th. this guy likes to be active. loves the thrill of life and excitement. by the way, when he finished his skydiving on the 85th? he said how do you feel? when he said i don't feel a day over 84. my sense is, he is dog well and getting better, but it will take time, he's just an older guy. drew. >> miguel, thanks. we certainly wish the president all the best in getting better. >> it is 21 minutes after the hour. let's get you up to date on the top stories. congressional leaders on both sides have been summoned by the president to come to the white house today for an 11th hour fiscal cliff showdown. just four days remain to got a deal done or massive tax hikes and spending cuts kick in on tuesday. >>> the u.s. embas
... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back to "squawk on the street." a little bit of breaking news here regarding a potential strike at the ports. the parties have reached an agreement here. this is according to the deputy director for mediation services. it looks like it is going to be an additional extension of 30 days to work on some of the issues that they're dealing with. the container royalty payment was really the issue at stake. that has been agreed upon in principle by the parties subject to achieving an overall collective bargaining agreement. it looks like we
Search Results 0 to 8 of about 9